Diversified Service Options, Inc. DBA Guidewell Source 401(k) Review & Grade
Diversified Service Options, Inc. DBA Guidewell Source 401(k) Savings Plan
Jacksonville, FLFinance & Insurance2,391 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,514Employer $ per active participant
$3,976Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$224.2MNet plan assets, end of year
$77,535Average balance per account
Score breakdown
- Employer generosity15.3 / 5031th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 68th |
| Employee saving | 13th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Diversified Service Options, Inc. DBA Guidewell Source put in about $2,514 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $6,011,822 |
| Participant (employee) contributions | $9,506,167 |
| Other contributions (incl. rollovers in) | $1,293,103 |
| Administrative expenses paid from the plan | $265,268 |
| Investment advisory & management fees | $108,948 |
| Benefits paid out | $19,432,031 |
| Net assets, start / end of year | $200.6M / $224.2M |
| Active participants, start / end of year | 2,426 / 2,356 |
| Participants with account balances | 2,891 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $157,370 reported compensation |
| Financial Engines | $108,948 reported compensation |
| Wealth Management Systems Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014173711NAL0004644368001, received 2025-10-14, EIN 59-3514333, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.